Reliance Industries Ltd.

Reliance Industries’ crude distillation unit (CDU) at its 580,000 barrels-per-day (bpd) Jamnagar refinery is likely to remain closed for a maximum of 25 days for maintenance purpose. CDU at the export-oriented newer complex will shut from around February 15, 2013.  It is being scheduled as the company foresees pick up in Indian diesel demand, which could curb supply and boost margins.

RIL reported 23.92% rise in its net profit at Rs 5502.00 crore for third quarter ended December 31, 2012 as compared to Rs 4440.00 crore for the same quarter in the previous year. Total income of the company has increased by 10.10% at Rs 95626.00 crore for quarter under review as compared to Rs 86852.00 crore for the quarter ended December 31, 2011.